Search Inside Bitcoins

Word on the Street: Tether resumes peg but bank relationship still dubious

The overall crypto market cap has declined ~1.9% over the past 5 days from ~$209b to ~$205b. After being hammered in the past week the S&P500 has rebounded ~3% and Bitcoin’s correlation with the S&P continued its October downtrend, declining on the week to a semi-weak correlation of .2. The stock market came back with a bounce in the past two days with chipmakers leading the way – Nvidia one of the biggest chipmakers for crypto mining GPUs bounced over 10% since the start of the week.

Read next

InsideBitcoins uses cookies to improve and customize your user experience. Learn more

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.